The Los Angeles Post
California & Local U.S. World Business Lifestyle
Today: December 21, 2024
Today: December 21, 2024

China warns EU against separate EV price negotiations

FILE PHOTO: BYD's electric vehicle (EV) Yuan Plus moves on a street in Beijing
October 12, 2024
Reuters - Reuters

BEIJING (Reuters) -China urged the European Union on Saturday not to conduct separate negotiations over the price of China-made electric vehicles sold in the EU, warning that this would "shake the foundations" of bilateral tariff negotiations.

"If the European side, while negotiating with China, conducts separate price commitment negotiations with some companies, it will shake the foundation and mutual trust of the negotiations ... and be detrimental to advancing the overall negotiation process," China's Ministry of Commerce said in comments published on its website.

It didn't cite any evidence for the EU carrying out these separate talks beyond saying there had been "relevant reports".

The comments come days after Brussels rejected a Chinese proposal for EVs made in China to be sold within the bloc at a minimum price of 30,000 euros ($32,000), a move Beijing hoped would avert EU tariffs being imposed next month.

Various manufacturers including European-owned companies in China have authorized the China Chamber of Commerce for Machinery and Electronics to propose a price commitment plan that represents the overall position of the industry, the commerce ministry said.

"This is the basis for the current China-EU consultations," it added.

(Reporting by Eduardo Baptista; Editing by William Mallard and David Holmes)

Related

Economy|US

Farmers are still reeling months after Hurricane Helene ravaged crops across the South

Farmers in Georgia are still reeling more than two months after Hurricane Helene blew away cotton, destroyed ripened squash and cucumbers and uprooted pecan trees and timber

Farmers are still reeling months after Hurricane Helene ravaged crops across the South
Americas|Economy|Environment|Political

El Salvador president proposes bill to overturn metals mining ban

El Salvador's Congress will begin debating a bill on Saturday from President Nayib Bukele that would overturn a 2017 national ban on metals mining, the head of the president's

El Salvador president proposes bill to overturn metals mining ban
Economy|Political|US

Government funding difficulties create gloom for federal workers before Christmas

Johnny Zuagar says he’s tried to hide his worries about a potential government shutdown from his three boys as he weighs how much to spend on Christmas presents

Government funding difficulties create gloom for federal workers before Christmas
Business|Economy|Political|US

Amazon and Starbucks workers are on strike. Trump might have something to do with it

Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands for an inaugural labor contract

Amazon and Starbucks workers are on strike. Trump might have something to do with it
Share This

Popular

Economy|Europe|Finance|Political|World

Russia's UK embassy denounces G7 loans to Ukraine as 'fraudulent scheme'

Russia's UK embassy denounces G7 loans to Ukraine as 'fraudulent scheme'
Business|Economy|US

Retailer Party City files for bankruptcy, will wind down 700 stores

Retailer Party City files for bankruptcy, will wind down 700 stores
Asia|Economy|Political|World

Kazakh president replaces deputy prime minister, decree shows

Kazakh president replaces deputy prime minister, decree shows
Asia|Business|Economy

Honda and Nissan consider mutual production of vehicles, Kyodo reports

Honda and Nissan consider mutual production of vehicles, Kyodo reports